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    • De Gregorio, José; Benavente Hormazábal, José; Núñez, Marco (Universidad de Chile, Facultad de Economía y Negocios, 2006)
      Using a panel data of innovative Chilean firms, we obtain a private return for R&D expenditure close to 30% during the nineties. Despite the fact of being almost twice the return obtained for physical capital - 17 %, ...